Bitcoin USD - Morning Update - July 18, 2017
Just a quick update on where we are on BTCUSD; looking for 2320 at the POC (Point of Control) to reach Balance. I think we will get there soon as it is getting closer as I am writing this, perhaps with an overshoot to near 2420 before taking a rest and retracing a bit. There is a strong resistance level which also coincides with the downtrend line (shown in blue). Unless we break above the downtrend line, we are not out of the woods. Wedge Pattern still intact but in a longer timeframe.
I have kept previous support line S2 drawn to show the how the support held. I will post an update on this same thread later this afternoon to see how it panned out. If it gets to near 2420-2450 levels today I will be looking to enter short.
I have kept previous support line S2 drawn to show the how the support held. I will post an update on this same thread later this afternoon to see how it panned out. If it gets to near 2420-2450 levels today I will be looking to enter short.
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